Stop Listening To Your Broke Friends and Relatives and their bad financial opinions.
If they are broke, their financial counsel isn’t worth the time it takes to listen to them. Shut off the hoodlidaddle of the 95% who don’t know what they are talking about. If they did, they wouldn’t be broke.
So many people are upside down on their mortgage, upside down on their cars, have huge credit card debt and don’t have nice things to show for all their spending. Their houses are filled to the brim with junk. These folks are the banks favourite people because of their lack of discipline.
If you find yourself struggling, find yourself a good financial advisor to help hold you accountable.
Next, and this is going to make you grow emotionally and with wisdom. Make a list of all the people you have listened to on financial topics… family, friends, in-laws, teachers, etc.
Now, after your list is made, go one by one down the list and cross off the names of those whose finances you would not want to be a reflection of. You know who they are. You’ve listened to them complain about money or lack thereof. You’ve seen them worry about how to pay for a vehicle that’s broken down, or a furnace that needs replaced or lack of money to do basic shopping.
IF they have stressed at all about those types of expenses, then that is an indication that they haven’t managed their finances in a way so as to cover unexpected expenses, or even basic expenses. You do not want to emulate the financial practices of people who are strapped for cash.
Now, On that list you’ll see some names of people who seem to be doing really well. It may be hard for you to know, but some of them are floating along on debt. There will be only 1 or 2 who are actually financially fit, who never worry about money, never complain about a lack. They probably live frugally but comfortably. Those are the people whose advice you should seek.
Going forward, use this as your criteria for financial advice.
Toodles for now! ~Callie